Prices
The Median Sales Price in April was $1,810,000, down -17.7% from $2,200,000 in April of 2019 and down -25.5% from $2,430,000 last month. The average sales price in April was $3,253,750, up 0.7% from $3,229,714 in April of 2019 and up 0.7% from $3,232,500 last month. April 2020 ASP was at a mid range compared to April of 2019 and 2018. (more Market Report below photos)

Contact Us
Whether you’re thinking about buying or selling, you can contact us directly to discuss your local market. We’d love to be your trusted real estate adviser if you’re looking to make a change this year. Please feel free to contact us with any questions, as we will be happy to hear from you. – Thanks!! (480)208-7955 – We are located next to Paradise Valley (See Map Here) ~ You can also find us at Paradise Valley Homes 🙂

Monthly Market Report

SalesApril property sales were 4, down from 7 in April of 2019 and -50.0% lower than the 8 sales last month. April 2020 sales were at their lowest level compared to April of 2019 and 2018. April YTD sales of 26 are running 13.0% ahead of last year's year-to-date sales of 23.

InventoryThe total inventory of properties available for sale as of April was 49, up 6.5% from 46 last month and down -34.7% from 75 in April of last year. April 2020 Inventory was at the lowest level compared to April of 2019 and 2018.

Market TimeThe average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer's market, a downward trend a move towards more of a seller's market. The DOM for April was 79, down from 85 days last month and down from 113 days in April of last year. The April 2020 DOM was at its lowest level compared with April of 2019 and 2018.

Selling Price Per Square FootThe selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the 'mix' of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The April 2020 selling price per square foot of $573 was up 16.2% from $493 last month and down -4.0% from $597 in April of last year.